For the 24 hours to 23:00 GMT, the USD rose 0.50% against the JPY and closed at 110.47.

In the Asian session, at GMT0400, the pair is trading at 110.63, with the USD trading 0.14% higher against the JPY from yesterday’s close.

The pair is expected to find support at 110.13, and a fall through could take it to the next support level of 109.63. The pair is expected to find its first resistance at 110.89, and a rise through could take it to the next resistance level of 111.15.

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Trading trend in the Japanese Yen today is expected to be determined by Japan’s machine tool orders for January, scheduled to release in a while.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

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